Electronic Investor

Two New ETF Tools

Capital Cube and Chaikin Analytics take different approaches in analyzing funds for investors.

Exchange-traded funds may trade like stocks, but their prospects need to be judged by a separate set of criteria. New tools from two research firms that have begun to track both, CapitalCube and Chaikin Analytics, remind us of just how different stock and fund analyses can be.

To start with the obvious, ETFs can contain hundreds of securities, and it just isn't practical to submit each component to traditional valuation analysis. Anyway, most ETFs are designed to duplicate, not beat, the return of a benchmark index. As a...